On May 15, 2017, Fiera Capital will merge two funds that are currently managed by the same investment team. The assets currently invested in the Fiera Canadian Equity Value Fund will be transferred to the Fiera Canadian Equity Fund managed by Nessim Mansoor’s team. In response to this change, the name and investment policy of our fund will be updated. The amendments are as follows:
Name of the fund before May 15, 2017
This fund, actively managed, aims to provide the right balance between capital growth and dividend income by investing in shares of large financially stable Canadian companies. The fund's asset allocation and securities selection are determined by the manager based on the present policy.
The fund's value strategy constructs portfolios with securities that pay a sustainable dividend, generate strong cash flows and are attractively valued on a risk-adjusted basis.
Risk control parameters before May 15, 2017
The fund’s equity portfolio must hold at least 30 securities.
The fund's equity portfolio must hold securities from at least seven of the GICS economic sectors.
Name of the fund starting May 15, 2017
Fiera Canadian Equity Fund
Description and investment philosophy starting May 15, 2017
This fund, actively managed, aims to preserve capital and build wealth by investing in shares of large and high-quality Canadian companies. The fund's asset allocation and securities selection are determined by the manager based on the present policy.
The fund's strategy is based on a bottom-up fundamental, conservative and disciplined approach and emphasizes downside protection. The manager favours long term investing that ensures emphasis on attractively valued companies and consistent performance.
Risk control parameters starting May 15, 2017
This fund’s equity portfolio must hold at least 25 securities.
The fund's equity portfolio must hold securities from at least six of the GICS economic sectors.
Please note that this change will have no impact on the fund’s investment fees, and Desjardins Insurance remains responsible for the fund’s investment policy. No action is required on your part.
However, certain fiscal impacts stemming from this change may arise for participants in Non-Registered plans; more details will be communicated to affected participants.
The new policy is available on GRS’ secure website for plan sponsors.
If you would like to change the funds offered to your participants, or your asset allocation if applicable, please contact your Desjardins Insurance advisor.
In order to conform to our rigorous governance practices, we continue to closely follow the situation and will inform you of any further developments. In the meantime, please do not hesitate to contact the Investment Strategies team for any questions you may have about these changes.